SET Releases

(Translation) No. Tor Hor. 032/2003 August 13, 2003 Subject : To announce a connected transaction Attention : Director and General Manager of The Stock Exchange of Thailand Thanulux Public Company Limited would like to announce that the board of director's meeting No. 8/2003 was held on August 13, 2003 and passed resolutions concerning a connected transaction of buying common shares. The details are as follows: 1. The date on which the transaction occurred : August 13, 2003 2. The parties involved Buyer : Thanulux Public Company Limited is the garment and leathergoods business Seller : Brunswick (Thailand) Co., Ltd. is the holding company Relationship with seller : We have the same shareholder-SPI which holds 23.52% in TNL and 16.62% in Brunswick (Thailand) Co., Ltd. 3. The general characteristics of the transaction : Acquisition ordinary shares of BSC Entertainment Co., Ltd. 4. The details of assets acquired : Securities 4.1 The company name : BSC Entertainment Co., Ltd. 4.2 The nature of the business : Place for playing bowling 4.3 Registered capital : Baht 360,000,000, classified into 3,600,000 shares, of value Baht 100 each 4.4 Paid-up capital : 3,600,000 shares 4.5 Number of securities acquired : 73,440 shares 4.6 Price per share (unit) : Baht 92.97 (B.V. at June 30, 2003 = Baht 85.74 per share) 4.7 Proportion of securities holding before : 1.96% of paid-up capital 4.8 Proportion of securities holding after : 4% of paid-up capital 5. The total value of the consideration : Baht 6,827,395.69 The type of payment : Cash payment 6. The value of the assets acquired : 73,440 ordinary shares of BSC Entertainment Co., Ltd. amounts to Baht 6,827,395.69 7. The objective to purchase and the : Good potential business and high liquidity benefit expected to receive Dividend 8. The sources of funds : Company's working capital 9. The volume of the transaction : This transaction has not considered as the transaction prescribed in the notification of The Stock Exchange of Thailand on Re: Rules, procedures and disclosure of information concerning the execution and disposition of assets of listed company : 0.43% considered as the transaction prescribed in the notification of The Stock Exchange of Thailand Re: Rules, Procedures and disclosure of connected transactions of listed companies. Please kindly acknowledge the above matters. Faithfully Yours, Dusadee Soontrontumrong (Miss Dusadee Soontrontumrong) Director